Goldman Sachs named 95 new partners Thursday, adding dozens of bankers to Wall Street's most exclusive club. This is the highest number since former CEO Lloyd Blankfein promoted 115 financiers in 2006.
Goldman's latest class of new partners includes 26 female bankers, the largest group to date since David Solomon became CEO in 2018.
The announcement comes amid a flurry of deal-making activity in the world's financial capital, boosting profits at Goldman's lower Manhattan headquarters at 200 West Street.
Goldman stock has risen nearly 13% since Donald Trump's election victory on Wednesday.
The partnership with the bank harkens back to the days when Goldman was a private company before going public on the New York Stock Exchange in 1999.
Senior bankers can earn close to $1 million a year in base salary, but that number can reach into the millions when bonuses and stock awards are included.
The prestigious company promotes dozens of senior executives every two years, joining executives who represent just 1% of its more than 46,000 employees worldwide (approximately 400 employees).
In addition to impressive bonuses, you can also expect a share of profits from the bank's investment funds, which are open to employees, and a bonus pool exclusive to partners.
Goldman paid out $15.4 billion in compensation and other benefits last year, according to its annual financial report released in March.
According to the same source, this will amount to $15.1 billion in 2022.
Last year, CEO Solomon earned $31 million, an increase of 24% from the previous year. Chief operating officer John Waldron, meanwhile, earned $30 million, up about 28% from a year ago, according to regulatory filings.
